GoodData Closes $6.5m Series A Funding

GoodData, a San Francisco, CA-based company that provides an on-demand business intelligence service, has closed a $6.5m Series A funding.

This round, which adds to the $5m raised in seed funding in 2009, was led by new investors Fidelity Growth Partners Europe and General Catalyst Partners, with participation from existing investors Andreessen Horowitz and Windcrest Partners.

The company offers a complete business intelligence platform-as-a-service (BI PaaS), providing customers and partners with operational dashboards, advanced reporting and data warehousing.

As stated by Roman Stanek, GoodData Founder and CEO, “This new funding allows us to continue building out our BI PaaS, and to leverage the unfair economics of the cloud to further disrupt the BI market”.